Question

the gross earnings • group health insurance (assuming 15% of gross earnings) pension deduction (assuming 6.5% of gross earnings) • total deductions • net pay Earnings Deductions Description Rate Hours Current fed tax 55.00 Regular 7.75 40.0 state tax 15.50 SOC sec 21.25 health insr pension IN TOTAL DEDUCTIONS NET PAY​

Answer 1

Explanation:

Calculate the gross earnings:

• 40*7.75 = 310.00

Health insurance deduction:

• 310.00*15/100 = 46.50

Pension deduction:

• 310.00*6.5/100 = 20.15

Total deductions:

• 55.00 + 15.50 + 21.25 + 46.50 + 20.15 = 158.40

Net pay:

• 310.00 - 158.40 = 151.60